Home
Class 11
ECONOMICS
10 percent increase in the price of g...

10 percent increase in the price of good raises its supply from 150 units to 180 units.Calculate its prices elasticity of supply.

Text Solution

Verified by Experts

The correct Answer is:
Price Elasticity of Supply `(E_(s)) = 2`
Promotional Banner

Topper's Solved these Questions

  • SUPPLY

    SANDEEP GARG|Exercise LONG ANSWER TYPE QUESTIONS|10 Videos
  • REVENUE

    SANDEEP GARG|Exercise UNSOLVED PRACTICALS|21 Videos

Similar Questions

Explore conceptually related problems

A 5 per cent fall in the price of a good raises its demand from 300 units to 318 units. Calculate its price elasticity of demand.

The price elasticity of supply of good X is half the price elasticity of supply of good Y.A 10% rise in the price of good Y results in a rise in its supply from 400 units to 520 units. Calculate the percentage change in quantity supplied of good X when its price falls from Rs.10 to Rs.8 per unit.

The price elastiy of supply of good X is half the price eleasicity of supply of Good Y. A 10% rise in the price of good Y results in a rises in its supply form 400 units to 520 units. Calculate the precentage change in quantity supplied of good X when its price falls from ₹10 to ₹8 per unit.

When price of a commodity falls by 10%, its supply decreases from 80 units to 60 units. elasticity of supply.

When price of a good falls from ₹20 to ₹10per unit, producer reducer supply from 100 units to 50 units .Calculate price elasticity of supply.

SANDEEP GARG-SUPPLY -UNSOLVED PARCTICALS
  1. When the price of a commodity falls from 10 per unit to 9 per unit, to...

    Text Solution

    |

  2. A firm sells 1,000 units of a product at price of ₹10 per unit. Its pr...

    Text Solution

    |

  3. When the price of a commodity rises from ₹10 to ₹11 per unit, its quan...

    Text Solution

    |

  4. A firm supplies 500 units of a good at a price of ₹5 per unit. The pri...

    Text Solution

    |

  5. A producer supplies ₹200 units of a good at ₹10 per unit. Price elasti...

    Text Solution

    |

  6. When the price of a good rises from ₹20 per unit to ₹30 per unit, the ...

    Text Solution

    |

  7. A firm's revenue rises from ₹400 to ₹500 when the price of its produc...

    Text Solution

    |

  8. The price elasticity of supply of a good is 0.8. Its prices riese b...

    Text Solution

    |

  9. A firm supplies 10 units of a good at a price of ₹5 per unit. Per...

    Text Solution

    |

  10. The price elasticity of supply of a commodinty is 2.0 A firm suppl...

    Text Solution

    |

  11. A 15 per cent rise in the prices of a commodity is 5. When pri...

    Text Solution

    |

  12. Price elasticity of supply for a commodity is 5. When price of the...

    Text Solution

    |

  13. At a price of ₹10 per units the supply of good is 80 units. When its...

    Text Solution

    |

  14. 10 percent increase in the price of good raises its supply from ...

    Text Solution

    |

  15. Supply of a good rises form 200 units to 240 units as a result of 2...

    Text Solution

    |

  16. When price of a commodity rises from ₹5 to ₹6 per unit, total reve...

    Text Solution

    |

  17. From the following data calculate price elasticity of supply.

    Text Solution

    |

  18. A producer supplies 80 units of a goog at a price of ₹10 per unit. P...

    Text Solution

    |

  19. When price of a commodity falls from ₹12 per units to ₹9 per unit, ...

    Text Solution

    |

  20. When price of a good falls from ₹20 to ₹10per unit, producer redu...

    Text Solution

    |